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Lily Is Trying to Get Her 6-Month-Old Son, Sam, to Smile

question 14

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Lily is trying to get her 6-month-old son, Sam, to smile whenever he sees her. In order to accomplish this, Lily has begun giving Sam a cookie (something he likes) whenever he smiles at her. What is Lily using when she attempts to affect Sam's behaviour in this way?


Definitions:

Voluntary Quota

A self-imposed limit on the quantity of goods a country exports or imports.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.

Price Elasticity

The degree to which the demand for a good is responsive to changes in its price.

Tax Passed

Occurs when the burden of a tax is shifted from the entity legally responsible for it to another party, such as consumers.

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